Filed April 13, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $88,507 |
MAP RETIREMENT, INC.3 years Service code 13 | Contract Administrator | $16,101 |
SAGEPOINT FINANCIAL INC4 years Filed as: FSC SECURITIES CORPORATION Service code 27 · EIN 58-1288674 | Advisory (Plan) | $14,934 |
MAP RETIREMENT, INC.3 years Filed as: MAP RETIREMENT INC Service code 13 · EIN 39-1884254 W6180 AEROTECH DRIVE · APPLETON, WI 54914 | Contract Administrator | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $39,103 | $54,121-27.7% | $134,162-70.9% | $73,412-46.7% |
| Participation rate | 69.4% | 64.4%+5.0pp | 72.2%-2.8pp | 72.2%-2.8pp |
| Annual return | 13.13% | -312.52%+325.7pp | 36.35%-23.2pp | 59.30%-46.2pp |
| Employer contribution / active EE | $757 | $1,402-46.0% | $3,705-79.6% | $2,234-66.1% |
| Participant deferral / active EE | $1,431 | $2,844-49.7% | $3,500-59.1% | $3,806-62.4% |
| Admin fee / account holder | $372 | $132+181.1% | $6,685-94.4% | $158+135.7% |